Tag: murray_mcclune
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Former Financial Advisor Sentenced for Theft
A former financial advisor, Murray McClune, has been sentenced to three years and seven months’ imprisonment for two charges of theft by person in a special relationship. The charges followed an investigation by the Financial Markets Authority (FMA). The Judge…
BusinessLegalEconomyFinancial MarketsBanking Financial Markets AuthorityMurray McCluneFinancial AdvisorTheftSentencingMargot GatlandFinancial ServicesNZ Financial Markets Authority
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FMA Focuses on Conduct and Access in Financial Advice Sector
The Financial Markets Authority (FMA) has released its inaugural Financial Conduct Report, outlining key regulatory priorities for the financial advice sector over the next 12 months. These priorities include conduct impacting vulnerable consumers, ensuring clients understand fees and commissions, effective…
BusinessPolitics and GovernmentLegalFinancial Markets Financial Markets AuthorityFinancial Conduct ReportFinancial Advice Provider ForumsMurray McCluneFilcare Services LimitedFinancial ServicesRegulatoryNZ Financial Markets Authority
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Ex-Financial Advisor Admits Theft of $1.7M from Elderly Clients
Former financial advisor Murray McClune has pleaded guilty to two charges of theft, following a Financial Markets Authority (FMA) investigation. McClune, who had worked in the insurance industry since the late 1960s, misappropriated approximately $1.7 million from two sets of…
BusinessLegalFinancial MarketsLaw Enforcement Financial Markets AuthorityMurray McClunetheftfinancial advisorMargot GatlandfraudsecuritiesNZ Financial Markets Authority